Flat for sale in Perth Close, Northolt UB5

Parkside apartments reserving fast! We have one and two bed Shared Ownership homes in phase 2, offering the best parkside location in Northolt. Welcome to Northolt's newest neighbourhood.

Nearing completion, once finished, we will be offering a variety of homes to suit your needs. The homes will be available in phases. All of the apartments at Faber Green are available through Shared Ownership, starting from a 25% share. Each home is set to have bright, modern interiors, private outside spaces, bright and modern interiors designed with the aim of building a community, not just somewhere to live. This development is pet friendly - subject to approval.

Surrounded by Ealing’s vibrant and evolving neighbourhoods, with easy access to open green spaces and great connections to central London and beyond, Faber Green brings a new dimension to Northolt.

What is Shared Ownership?

Shared Ownership is designed so that you can buy a share of the new home with a lower deposit and with monthly housing costs that are approximately 20% lower than if you were to buy the same home outright on the open market. With Shared Ownership, you buy a share in your new home or a resale home usually between 25% and 75% of the full market value of the home. You also pay rent on the part owned by sng. In addition a service charge is payable per month. You will need to have savings to cover any deposit required by your mortgage lender and the costs involved in moving. When you can afford to, you can take your next steps and increase the share you own; this is known as 'staircasing'. The cost of the additional share that you buy will be based on the current market value of your home.

Example: One bedroom apartment Share price from: £81,250 for a 25% share with a full market value £325,000. You will also have to pay: Monthly rent: £559 and monthly service charge: £167.15 plus the mortgage on the share you are buying.